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2017 (11) TMI 1004 - AT - Income TaxPenalty u/s 271(1)(c) - whether the notice issued by the Assessing Officer dated 27/10/2011 is valid or not? - Held that:- From the reading of the notice, it is not clear whether Assessing Officer has initiated penalty proceedings for concealment of particulars of income or furnished inaccurate particulars. Therefore, the notice issued by the Assessing Officer is a vague notice and is liable to be quashed in the light of the decision of the Hon'ble Jurisdictional High Court in the case of Smt. Baisetty Revathi (2017 (7) TMI 776 - ANDHRA PRADESH HIGH COURT) and also SSA’s Emerald Meadows (2016 (8) TMI 1145 - SUPREME COURT). - Decided in favour of assessee.
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